If a Good Had a Zero Price (I

question 38

Multiple Choice

If a good had a zero price (i.e. ,the good was free) ,a rational person would consume

• A)An infinite amount of the good.
• B)The good until total utility was zero.
• C)The good until the marginal utility was maximized.
• D)The good until the marginal utility of the last unit was zero.

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Definitions:

Seller

An individual or entity that transfers goods, property, or services to a buyer in exchange for money or other forms of compensation.

Misuse or Abuse

Improper, incorrect, or excessive use of something that can lead to harm or damage.

Defense

Legal strategies and arguments used in a court of law to contest and defeat claims or charges against a defendant.

402A

A section of the Restatement (Second) of Torts in American law that outlines the manufacturer's liability for harm caused by defective products.